Technology: 16 Stats on the New Economy

"The New Paradigm," Annual Report, 1999 (Text or PDF)

Technology
16 Stats on the New Economy

Everywhere around us, we can see an economic revolution under way. In this chart, Dallas Fed Chief Economist W. Michael Cox shows that how we work, live, learn, communicate, shop and invest, what we consume, value and know—all reveal an economy vastly different from that just 30 years ago.

		'70	'80	'90	'99
1.	U.S. households with computers	0%	<1%	22%	53%
2.	U.S. shipments of personal computers	0	490,000	9 million	43 million
3.	Computer programmers, operators and scientists in the U.S.	284,271	1.1 million	2.0 million	2.5 million
4.	Computer and information sciences degrees conferred in the U.S.	4,104	15,041	37,700	35,116
5.	U.S. manufacturers of computers and related devices	1,408	2,564	3,894	4,212
6.	Market value of publicly traded U.S. computer and related devices companies	$43 billion	$47 billion	$57 billion	$415 billion
7.	U.S. computer-services establishments	n/a	26,370	78,788	211,323
8.	Market value of publicly traded U.S. computer-services companies	$166 billion	$91 billion	$106 billion	$416 billion
9.	Number of PC software programs	0	n/a	n/a	250,000
10.	Sales of U.S. software companies	$1 billion	$4 billion	$63 billion	$141 billion
11.	Market value of publicly traded U.S. software companies	$1 billion	$6 billion	$33 billion	$440 billion
12.	U.S. households on the Internet	0%	0%	0%	38%
13.	Worldwide Internet hosts	13	213	313,000	56 million
14.	Market value of publicly traded U.S. Internet equipment and services companies	$0	$1 billion	$5 billion	$138 billion
15.	Worldwide e-commerce revenues	$0	$0	$0	$151 billion
16.	Worldwide e-mail addresses	0	n/a	n/a	263 million

W. Michael Cox is a senior vice president and chief economist at the Federal Reserve Bank of Dallas.

SUGGESTED CITATION:
Cox, W. Michael (2000), "16 Stats on the New Economy," Federal Reserve Bank of Dallas Expand Your Insight, August 1, http://www.dallasfed.org/eyi/tech/0008stats.html